Shalimar Wires Industries disclosed an off-market acquisition of shares by its promoter group, increasing their collective holding in the company. The transaction, which took place on June 25, 2026, involved the purchase of 29,091 equity shares. Following this acquisition, the promoter group's total stake rose to 65.71% of the company's equity share capital, which stands at 28,093,308 shares.

The disclosure was made under Regulation 29(1) and (2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was executed through an off-market mechanism, as detailed in the filing submitted to the stock exchanges. The shares of Shalimar Wires Industries are listed on BSE Limited and The Calcutta Stock Exchange Limited.

Shareholding Details

The acquisition involved multiple individuals and entities within the promoter group. Mr. Sunil Kumar Khaitan acquired 28,981 shares, increasing his holding to 0.92%. Reliance Sheet Works Pvt. Ltd. purchased 3,990 shares, raising its stake to 16.97%. Conversely, Agro Chemicals and Fertilizers Ltd., a promoter group company, sold its entire shareholding of 3,990 shares to Reliance Sheet Works Pvt. Ltd.

Encumbrance Details

The filing also revealed details regarding shares pledged by the promoter group. A total of 12,399,000 shares are pledged with Kotak Mahindra Bank Ltd. This includes 200 shares held by Mr. Sunil Khaitan, 5,398,800 shares held by Amit Commercial Co. Ltd., and 7,000,000 shares held by Reliance Sheet Works Pvt. Ltd.

Shalimar Wires Industries Limited has scheduled its 30th Annual General Meeting for June 30, 2026, to be held through video conferencing. The meeting will transact business set out in the notice dated May 29, 2026, following the completion of the dispatch of the Annual Report for the year ended March 31, 2026. The company has fixed June 23, 2026, as the cut-off date to determine members entitled to cast their vote by electronic means.

E-Voting and Share Transfer Details

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the remote e-voting period will commence on June 26, 2026, at 9:00 a.m. and close on June 29, 2026, at 5:00 p.m. Members holding shares in physical or dematerialized form as of the cut-off date are entitled to avail the remote e-voting facility. The Register of Members and Share Transfer Register will remain closed from June 24, 2026, to June 30, 2026, for the purpose of the AGM.

Meeting Logistics

The AGM will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM). Shareholders who have not cast their vote through remote e-voting may vote during the AGM using the e-voting platform provided by National Securities Depository Limited (NSDL). The Notice of the AGM and Annual Report are available on the company's website and BSE Ltd's website.